MicroStrategy to join Nasdaq 100, Ray Dalio predicts crisis, and BTC reserve proposal in Japan

The second week of December saw mixed performance in the crypto market following a strong start to the month. The Nasdaq Crypto Index™ (NCI™) rose 1.0%, driven by continued strength in Bitcoin (BTC), which climbed 3.2%. Ethereum (ETH), however, experienced a slight pullback, falling 2.3%, while Solana (SOL) faced a steeper decline of 6.4%.

As of December 12, 2024, US spot Ethereum ETFs have reached over $2 billion in net inflows since their inception, reflecting strong investor demand and growing confidence in Ethereum-based investment products.

MicroStrategy to join the Nasdaq 100 and heavily traded ‘QQQ’ ETF

MicroStrategy, a company known for its large Bitcoin acquisitions, will join the Nasdaq 100 index, effective December 23, 2024, reflecting the company’s growing relevance based on its Bitcoin-centric strategy. The inclusion means that funds and ETFs like the Invesco QQQ Trust will need to buy MicroStrategy shares, driving additional demand and potential appreciation of the company’s value.

Ray Dalio predicts global debt crisis, backs Bitcoin, gold

The billionaire founder of Bridgewater Associates warned of a potential global debt crisis driven by unsustainable debt levels in the US, China, and other large economies, advising investors to seek wealth protection in assets such as Bitcoin and gold as monetary devaluation risks increase in the coming years.

Japanese lawmaker pushes for National Bitcoin Reserve

Japanese lawmaker Satoshi Hamada proposed that Japan should add bitcoin to its reserves, arguing it could enhance Japan’s financial flexibility and the country’s position in the global digital economy. This proposal highlights the potential of bitcoin’s adoption further legitimizing the cryptocurrency further but also driving institutional demand and cementing its role as a key strategic asset globally.